Podium released a maiden Mineral Resource estimate for Parks Reef in October 2018 with Mineral Resource upgrades released in 2019 and 2020. The current Mineral Resources are defined over approximately 8.5km of the 15km strike length of Parks Reef and within 100m from surface. The Mineral Resources contain 1,390,000 ounces of combined platinum, palladium and gold plus base metal credits with 53,900 tonnes of copper. The mineralisation remains open at depth and along strike. For further details refer the tables below and to Podium’s ASX announcement released 30 November 2020.
The competent persons statement as follows:
The information on this website that relates to the Parks Reef Mineral Resource estimate is based on and fairly represents information compiled by Mr Doug Cook (Exploration Manager for Podium Minerals Limited) and Mr Lauritz Barnes, (Consultant with Trepanier Pty Ltd). Mr Cook and Mr Barnes are both members of the Australasian Institute of Mining and Metallurgy and Mr Barnes is also a member of the Australasian Institute of Geoscientists. Both have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Mr Cook is the Competent Person for the database (including all drilling information), the geological and mineralisation models plus completed the site visits. Mr Barnes is the Competent Person for the construction of the 3-D geology / mineralisation model plus the estimation.
The Parks Reef Mineral Resource Estimate was first released by the Company in its ASX announcement dated 30 November 2020 and the Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.